Kalshi Joins the National Council on Problem Gambling to Promote Trader Health and Safety

Kalshi has become the first prediction market operator to join the National Council on Problem Gambling (NCPG) after announcing a $2 million investment to promote trader health and safety initiatives.  

The funding will be spread over two years and support the NCPG’s newly created Financial Services and Trading Subcategory, designed to address consumer protection and behavioral health concerns linked to retail trading activity across financial markets. The investment means that Kalshi will be the first financial trading brand to reach the NCPG’s platinum membership level. 

The initiative comes amid increased scrutiny of high-risk retail trading products, including prediction market apps, cryptocurrency trading, leveraged derivatives, and options trading. The NCPG said the program will focus on developing educational resources and awareness campaigns related to responsible trading practices and problematic financial behavior. 

“NCPG’s goal has always been to mitigate harm by increasing education, awareness, and understanding of risky behaviors, while ensuring access to trusted, scientific, and evidence-based information and healthcare resources," said Heather L. Maurer, Executive Director of NCPG. “Innovation and responsibility can and must evolve together. Kalshi’s engagement demonstrates a commitment to mitigating harm before it occurs and ensuring support resources are accessible when they are needed.”  

Kalshi, which operates a federally regulated exchange where users trade contracts tied to future event outcomes, said its platform also includes safeguards such as self-exclusion tools, trading limits, and mental health resources. 

“As prediction markets continue to evolve, we are deeply committed to setting a new standard for responsible trading by investing in the tools, education, and protections needed to promote healthy participation and customer safety, and hope that over time all trading platforms with significant retail participation follow suit,” added Kalshi CEO Tarek Mansour.  

Kalshi announces $1 billion funding round 

Meanwhile, Kalshi continues to grow as the prediction market sector expands. The company announced it had raised $1 billion in a new funding round, valuing it at $22 billion. The investment round was led by investment platform Coatue and included participation from Sequoia Capital, Andreessen Horowitz, and Morgan Stanley. 

According to the company, institutional trading volume on its platform increased by 800% over the past six months, and annualized trading volume grew from $52 billion to $178 billion during the same period. 

The company added that the new funding will be used to expand services aimed at institutional investors, including hedge funds, asset managers, and insurance firms. Planned developments include additional risk-management products, expanded broker integrations, and institutional trading tools. 

“There are few categories in recent history that have scaled this quickly outside of AI,” said Tarek Mansour, Kalshi CEO. “Event contracts could become a trillion-dollar market, and we’re still in the early stages of that transition.” 

The latest valuation follows Kalshi’s Series E round in December, which saw the operator also raise $1 billion and achieve an $11 billion valuation.